EARNINGS (LOSS) PER SHARE (Tables)

6 Months Ended

Jun. 30, 2016

EARNINGS (LOSS) PER SHARE [Abstract]

Schedule of earnings and weighted average shares outstanding used in the computation of basic and diluted earnings (loss) per share

The following table sets forth the calculation of basic and diluted net earnings (loss) per common share under the two-class method for the three and six months ended June 30, 2016 and 2015:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2016		2015		2016			2015
Numerator:
Net earnings (loss)	$	22,776	$	6,062	$	(77,921	)	$	11,382
Less dividends declared:
Class A		131		130		261			261
Class B		678		682		1,360			1,360
Undistributed earnings (loss)	$	21,967	$	5,250	$	(79,542	)	$	9,761
Undistributed earnings (loss) allocation - basic and diluted:
Class A undistributed earnings (loss)	$	3,856	$	924	$	(13,979	)	$	1,720
Class B undistributed earnings (loss)		18,111		4,326		(65,563	)		8,041
Total undistributed earnings (loss)	$	21,967	$	5,250	$	(79,542	)	$	9,761
Net earnings (loss) allocation - basic and diluted:
Class A net earnings (loss)	$	3,987	$	1,054	$	(13,718	)	$	1,981
Class B net earnings (loss)		18,789		5,008		(64,203	)		9,401
Net earnings (loss)	$	22,776	$	6,062	$	(77,921	)	$	11,382
Denominator:
Weighted-average shares outstanding:
Class A - basic and diluted		2,175		2,175		2,175			2,175
Class B - basic and diluted		9,729		9,693		9,715			9,682
Net earnings (loss) per share:
Class A - basic and diluted	$	1.83	$	0.49	$	(6.31	)	$	0.91
Class B - basic and diluted	$	1.93	$	0.52	$	(6.61	)	$	0.97